(IN BRIEF) Virginie Leroy has been appointed as the President of VINCI Immobilier, effective August 1, 2023. Leroy, who joined VINCI Immobilier in 2010, has held various positions within the company, including Head of Business Property Projects and Managing Director … Read the full press release
(IN BRIEF) EDF and Trimet have signed a long-term contract for the supply of electricity to support aluminium production in France. The agreement extends their existing partnership and secures the energy supply for Trimet’s aluminium smelter in Saint-Jean-de-Maurienne. The contract … Read the full press release
(IN BRIEF) TotalEnergies has formed a partnership with Petronas and Mitsui to develop a carbon storage project in Southeast Asia. The collaboration will assess potential CO2 storage sites in the Malay Basin, including saline aquifers and depleted offshore fields. The … Read the full press release
Posted in Energy, Gas & Oil, Environment, France, Industrial, Infrastructure & Utilities
Tagged carbon capture and storage, Carbon Storage Hub, CO2 storage, decarbonization, Malay Basin, Malaysia, Mitsui, Patrick Pouyanné, PETRONAS, saline aquifers, Southeast Asia, Tan Sri Tengku Muhammad Taufik, Toru Matsui, TotalEnergies
(IN BRIEF) Avient Corporation and BASF have partnered to introduce colored grades of Ultrason® high-performance polymers to the global market. The collaboration combines BASF’s Ultrason® polyarylethersulfones (PAES) as the base polymer with Avient’s Colorant Chromatics™ expertise in high-temperature color formulations. … Read the full press release
(IN BRIEF) RWE is expanding its solar business in Spain with the commissioning of the Puerta del Sol solar farm, following the earlier launch of Casa Valdes. Puerta del Sol, located near Madrid, has a capacity of 44 MWac and … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Germany, Industrial, Infrastructure & Utilities, Spain
Tagged Casa Valdes solar farm, Ferrovial, Gazules project, Green Energy, Guadalajara province, Katja Wünschel, Las Vaguadas, Madrid, Orkoien onshore wind, Puerta del Sol, RWE, RWE Renewables Iberia, Solar, solar farms, Spain
(IN BRIEF) Iberdrola, a renewable energy company, has launched a “solar grazing” initiative in Portugal. They have introduced around 300 sheep to graze in their photovoltaic parks. This practice benefits livestock farmers by providing new grazing spaces and protects the … Read the full press release
(IN BRIEF) Bosch Engineering and X Shore have announced a collaboration to enhance the electric drive system of the X Shore 1 boat. The partnership aims to improve performance and efficiency, bringing together Bosch’s advanced technology and automotive expertise with … Read the full press release
(IN BRIEF) RWE, a leading energy company, has announced its updated Green Financing Framework to support sustainable investment. With a focus on building a sustainable energy system, RWE plans to invest over 50 billion euros by 2030 as part of … Read the full press release
(IN BRIEF) Logicor has signed a long-term lease agreement with EET Group for a property in Greve, Denmark. EET Group, a B2B IT distributor serving over 30,000 merchants across Europe, plans to utilize the facility as a crucial part of … Read the full press release
Posted in Business, Denmark, Industrial, Transportation & Logistics, United Kingdom
Tagged Andrew Dalgliesh, Bjarke Roost, EET Group, Greve, Logicor, logistic real estate, logistics, modern warehouse, warehouse
(IN BRIEF) Henkel Adhesive Technologies, a leader in sustainability, has achieved a major milestone by making its manufacturing sites carbon neutral and sourcing 100% renewable energy. As part of its 2030+ Sustainability Ambition Framework, the company has invested in various … Read the full press release
(IN BRIEF) Lightsource bp, a global leader in renewable energy, has announced the appointment of Adele Ara as the new Chief Technology Officer (CTO) and member of the executive team. Adele has been with the company since 2014, demonstrating her … Read the full press release
(IN BRIEF) Vattenfall proudly announces the completion of turbine installation at the Hollandse Kust Zuid offshore wind farm. After nearly two years of construction, the final turbine has been installed, bringing the total count to 139 out of the originally … Read the full press release
(IN BRIEF) Effective October 1, 2023, BASF will transfer its European direct business for Ultraform® (POM) to its trusted trading partners, ALBIS and Ultrapolymers Group. While the sales process will be handled by ALBIS and Ultrapolymers Group, BASF will continue … Read the full press release
Posted in Business, Chemicals, Germany, Industrial, Management
Tagged ALBIS, BASF, engineering plastics, engineering plastics portfolio, polyoxymethylene, POM, Ultraform®, Ultrapolymers Group
(IN BRIEF) BASF has started construction on a polyethylene (PE) plant in Zhanjiang, China. The plant, scheduled to be operational by 2025, will have an annual capacity of 500,000 metric tons of PE. This investment aims to meet the increasing … Read the full press release
Posted in Business, Chemicals, Germany, Industrial, Investment
Tagged BASF, Bejoy Chandran, Bir Darbar Mehta, CHINA, ethylene, films, flexible packaging, PE, pipelines, polyethylene, storage tank, versatile thermoplastic polymer, Zhanjiang
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has granted an €82 million loan to Elektroprivreda Crne Gore a.d. Nikšić (EPCG), Montenegro’s national electricity utility, and Green Gvozd LLC, a special-purpose vehicle (SPV) fully owned by EPCG. The … Read the full press release
Posted in Banks, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Montenegro
Tagged EBRD, Elektroprivreda Crne Gore a.d. Nikšić, energy transition, EPCG, Green Gvozd LLC, Krešimir Čondić, Milutin Đukanović, Montenegro, Nikola Rovčanin, onshore wind farm, Remon Zakaria, renewable energy
(IN BRIEF) Rheinmetall, a leading provider of automotive solutions, has introduced a plug and play heat pump designed to enhance thermal management in electric vehicles (EVs). The compact and preassembled heat pump offers efficient climate control in the passenger compartment … Read the full press release
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has launched a program to modernize Türkiye’s maritime sector and promote green investments and climate mitigation technologies. Developed in collaboration with the Turkish Ministry of Transport and Infrastructure and the … Read the full press release
Posted in Banks, Energy, Gas & Oil, Environment, European Union, Financial, Industrial, Investment, Turkey
Tagged climate mitigation, EBRD, EU, European Union, green investments, low-carbon economy, maritime, Nikolaus Meyer Landrut, Sue Barrett, The Maritime Decarbonisation and Green Shipping Programme, Türkiye
(IN BRIEF) Michelin has announced its agreement to acquire Flex Composite Group (FCG) for an enterprise value of €700 million. FCG is a European leader in engineered fabrics and films, serving industries such as marine, supercars, electric vehicles, sports, and … Read the full press release
Posted in Automotive, Business, Chemicals, France, Industrial, Investment, Management
Tagged acquisition, engineered fabrics, FCG, films, Flex Composite Group, IDI, Michelin, polymer composite solutions
(IN BRIEF) Rolls-Royce has announced the commencement of testing for its new small gas turbine designed for hybrid-electric flight. The engine is part of a turbogenerator system developed for the Advanced Air Mobility market, catering to applications like eVTOL aircraft … Read the full press release
Posted in Aviation & Aerospace, Electronics & Machinery, Industrial, Technology, Transportation & Logistics, United Kingdom
Tagged advanced air mobility, Commuter Aircraft, electrical vertical take-off and landing, eVTOL, eVTOL Aircraft, hybrid-electric flight, Olaf Otto, Rolls-Royce, small gas turbine, turbogenerator system, urban air mobility
(IN BRIEF) TotalEnergies is responding to the increasing demand for sustainable aviation fuel (SAF) by investing in multiple SAF production projects. By 2028, the company aims to produce half a million tons of SAF, meeting the European SAF blending mandate. … Read the full press release
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